Savings

Start Saving Like Never Before

At ACT 1st Federal Credit Union we firmly believe in the fundamentals.

A strong savings account is a crucial initial stride on your financial journey. Initially, it grants you access to our credit union.

Beyond that, the possibilities are infinite; you can save for a home, a vehicle, your own enterprise, or whatever your heart desires.

Regular Share Account
Become a Member!

  • Open an account for $5.
  • Your savings account represents your share in ACT 1st Federal Credit Union.
  • Dividends will be paid at a rate approved by the Board of Directors by vote at the monthly meetings. Dividends are paid on the average daily balance and posted on the last day of each month.

Individual Retirement Account
Your future self will thank you

  • Traditional and Roth options are available.
  • APY is subject to change.
  • Penalty may be imposed for early withdrawal.
  • Contributions may be tax deductible in whole or in part, depending on your situation. ACT 1st Federal Credit Union does not intend to offer tax advice. We recommend that you contact a tax professional with any questions or concerns about deductibility.
  • Funds are insured for $250,000 by the National Credit Union Insurance Fund, an arm of the National Credit Union Administration.

Share Certificate
Watch your savings grow

  • 6-Month, 12-Month, 15-Month, 18-Month, 24-Month, 36-Month, 48-Month and 60-Month Term Certificates are available.
  • Minimum balance of $500.00 is required.
  • APY is fixed for the term of the certificate.

Summer Savings Account
Perfect for educators and school employees who don’t receive paychecks during the summer!

  • For those employees who are on the 10-month payroll, the summer savings program is set up to automatically calculate the amount that will be set aside from each of your paychecks to make it through the dog days of summer in July and August.
  • The member will not be permitted to take funds from the Summer Savings Account at any time.
  • Distribution will take place twice in July and twice in August.

  • Summer Savings funds are not included in the share insurance evaluation.

  • The member will be assessed a fee for early withdrawal.
  • Yield is subject to change without notice.

Holiday Club Account
Don’t let the holidays surprise you

  • Specify the amount you wish to set aside from each pay by means of Direct Deposit or Payroll Deduction.
  • Funds will be transferred to one of your primary accounts by October 1st of each year.
  • Dividends will be compounded and posted monthly.
  • The member will be assessed a fee for early withdrawal.
  • Yield is subject to change without notice.

Vacation Club Account
Save year-round for your next vacation!

  • Specify the amount you wish to set aside from each pay by means of Direct Deposit or Payroll Deduction.
  • Funds will be transferred to one of your primary accounts by June 1st of each year.
  • Dividends will be compounded and posted monthly.
  • There is no minimum balance or deposit required.
  • The member will be assessed a fee for early withdrawal.
  • Yield is subject to change without notice.

Still have questions? Visit our FAQ page!

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